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United CEO Kirby: Airline Still Profitable Despite Rising Fuel Costs
Kirby says United can pass higher fuel costs to customers and demand remains strong; he also comments on wealth tax and US policy on Bloomberg Surveillance.
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What stands out
United CEO Scott Kirby says the airline remains "still solidly profitable" even as fuel costs rise and that the company can pass those higher fuel bills on to customers, while demand for travel remains strong. That matters because an airline claiming pricing power during a fuel-cost shock is a direct management answer to the single biggest variable for carriers: fuel is both large and volatile. Kirby also touches on broader policy topics, which frames his comments as part company update and part public positioning by a high-profile CEO.
Bullish Gator Snapshot
Current ratings and signals
United Airlines Holdings (UAL)
Bearish
UAL rates Bearish overall. The fundamental read is neutral: the company passes 7 of 9 quality tests on the Piotroski F-Score; balance sheet is flagged Distress (Altman Z = 1.33); revenue is growing about 9.7% per year; net income is growing about 94.0% per year. The technical picture is bearish: price is 9.6% below the 200-day moving average; 10.3% below the 50-day; the 50/200 relationship is in a Golden cross. Sentiment is bearish (composite 28/100), based on 4 news articles, 1 TV segment, and 6 qualified videos from recent coverage.